Tina Artigliere
Quest Trust Suddenly Closed down Administration on their Solo 401K Plans
17 January 2025 | 24 replies
I just wanted to share that resource and potentially de-stress Quest 401(k) holders.
Kolby Knickerbocker
what questions do you ask/data do you analyze to select investment markets?
15 January 2025 | 5 replies
I'm looking at investing in several out-of-state markets (potential BRRRR strategy in mind), I have a list of qualifiers that I'm sussing out to determine viable markets but would love to know: what data helps in determining a good market to invest?
Bruce M.
Large RV or Boat - Tax incentives, Tax strategies
13 January 2025 | 7 replies
Using a large RV or boat for business purposes offers potential tax benefits, but it's essential to navigate IRS regulations carefully.
Jeremy Beland
This $200k Profit Deal Was Almost Lost Over an Eviction Battle
15 January 2025 | 7 replies
If you have a potential tenant that "might not" be a good payer, just don't sign a lease.
Thomas Youngman
Property Investment in Portugal
19 January 2025 | 269 replies
Rural tourism also seems to have potential, but doesn't have LTR back ups if you decide that STR is not feasible for any reason.
Conte Cuttino
Leave 100k and rent or Flip for 30k
9 January 2025 | 10 replies
I decided to look into an official duplex or triplex putting 150K down that has value add with renovations and potential unit add but it wont have as much equity because it will be an on market deal.
Tom Rairdon
Tax considerations when selling a short term rental
12 January 2025 | 8 replies
If you did a cost segregation study on the property in the past, you may have to recapture the depreciation taken in the past.capital gain tax rates are 0, 15 or 20%There is also a potential 3.8% Net Investment Income Tax.Also, don't forget state income taxes depending on what state the property is located or your state of residency.Best of luck!
Randall Gonzalez
10K Club Jerry Norton - Who's in?
13 January 2025 | 18 replies
You are paying 1k to have him as a potential buyer.
Alan Asriants
Why BRRRR is not an effective strategy today...
31 January 2025 | 44 replies
Even at that price point, you may struggle to find a tenant, potentially leaving the property vacant for months.Here’s an example of a deal I’m currently working on:Purchase Price: $215,000Rehab Costs: ~$250,000ARV: ~$615,000Potential Rent: $3,600/monthUsing a $615,000 ARV and 75% LTV on the cash out refinance, with taxes and insurance, my monthly payment would be $4,267 using an 8.5% rate.
Heather Bailey
Insuring your House Hack
13 January 2025 | 6 replies
This protects against potential claims and liabilities specific to the rental.For tax purposes, maintain clear records of rental-related income and expenses, allowing deductions for insurance, utilities, maintenance, and depreciation proportionate to the rental unit.